A complete product solution for savings and investment needs.
A penny saved is a dollar earned. This may sound much easier to achieve than it actually is. In times of financial crisis, employees find it very hard to save a portion of their income that may be utilized in the future should the need arise. As an employer, you can facilitate your employees in their efforts towards building a financially secure future by opting for EFU Life’s Group Savings Plan. This unique arrangement enables the employees to save regularly a fraction of their incomes which can grow to a sizeable amount at maturity while enjoying insurance coverage as well.
With this low cost and easy to administer Plan, you can provide your employees with a unique package of funds management and financial security which ultimately results in long term retention and increased motivation of employees.
Salient features of the Group Savings Plan are as follows:
Ensures employee retention and loyalty
Unit linked insurance cover for groups
Offers easy Premium Payment option
Option to choose from a range of available EFU Growth Funds depending on member's risk appetite
Choice to select Sum Assured Structure based on member’s preferences
Benefits may be availed in lump sum or in the form of retirement income as annuity
“Exclusion Free” insurance under Basic Life Cover
Option to hedge against inflation through Inflation Protection Benefit
Conversion option from group savings plan to any regular individual insurance plan in case of disassociation with the employer
Option to accelerate the build-up of your fund through Fund Acceleration Premium
